What is Fake EMI Moratorium Extension Scam?

Dangerous: Fake EMI Moratorium Extension Scam is a confirmed scam in India. Learn how fraudsters exploit RBI moratorium schemes to steal banking credentials. Know red flags, prevention tips and report at cybercrime.gov.in or call 1930.

How does Fake EMI Moratorium Extension Scam work?

Step 1: Scammers call or message victims claiming to be bank representatives offering assistance with extending or deferring EMI payments under RBI's moratorium scheme Step 2: They request sensitive banking details like debit/credit card number, CVV, OTP, PIN, or UPI PIN, claiming it's necessary to process the EMI extension Step 3: Victim receives and shares OTP or UPI PIN via SMS or app notification, believing it's for legitimate moratorium processing Step 4: Scammers immediately use the shared credentials to initiate unauthorized transactions and transfer funds from victim's account

How to protect yourself from Fake EMI Moratorium Extension Scam?

Verify all EMI moratorium extension offers by contacting your bank directly using official phone numbers or apps. Do not share OTPs, UPI PINs, CVV, or password information with anyone, even if they claim to be bank officials. Avoid clicking on suspicious links or downloading apps from unknown sources related to EMI schemes. Report any suspicious calls, messages, or transactions immediately to cybercrime.gov.in or call the helpline number 1930.

Fake EMI Moratorium Extension Scam

नकली ईएमआई स्थगन विस्तार घोटाला

INDIA — By BharatSecure Threat Intelligence Team · Updated Apr 20, 2026

Verdict: Dangerous | Risk Score: 9/10 | Severity: MEDIUM

Category: Bank

How Fake EMI Moratorium Extension Scam Works

Step 1: Scammers call or message victims claiming to be bank representatives offering assistance with extending or deferring EMI payments under RBI's moratorium scheme
Step 2: They request sensitive banking details like debit/credit card number, CVV, OTP, PIN, or UPI PIN, claiming it's necessary to process the EMI extension
Step 3: Victim receives and shares OTP or UPI PIN via SMS or app notification, believing it's for legitimate moratorium processing
Step 4: Scammers immediately use the shared credentials to initiate unauthorized transactions and transfer funds from victim's account

How This Scam Works — Detailed Explanation

The Fake EMI Moratorium Extension Scam targets Indian bank customers by exploiting the RBI's genuine moratorium schemes introduced during financial hardships. Fraudsters initiate contact through unsolicited calls or SMS messages pretending to be bank representatives. They claim to offer help in extending EMI moratoriums on loans or credit cards to ease financial burdens. These fraudsters often use caller ID spoofing to mimic official bank phone numbers, making their approach appear authentic and urgent.

Once engaged, scammers pressure victims to act quickly, citing limited-time RBI offers or impending deadlines. They direct victims to click on fake links or download malicious apps that replicate official banking portals. Through these methods, they trick victims into entering sensitive information such as OTPs, CVV codes, PINs, or even UPI PINs—details legitimate banks never request for moratorium processing. Sometimes, victims are asked to upload Aadhaar or PAN details under the guise of necessary verification.

With stolen banking credentials, fraudsters can perform unauthorized transactions, drain accounts, or misuse UPI-linked payment systems to siphon off money. Victims usually discover wrongdoing when unexpected debits appear or their accounts show unrecognized activity. The scam is especially dangerous because it exploits trusted banking processes during a vulnerable time, taking advantage of people's hopes for financial relief. Many people fall victim due to lack of official information and the convincing pressure tactics used by these criminals.

To protect themselves, Indian customers should be aware that banks never ask for OTPs or CVV codes over phone or SMS. EMI moratorium extensions are processed only through official bank websites, mobile apps, or in-branch visits. Suspicious calls, messages from unknown numbers, or prompts to install third-party apps should be ignored. Prompt reporting of suspicious activity to Indian cybersecurity platforms and authorities helps minimize damage and alert others. Staying informed about such scams is essential to avoid becoming their next target.

Who Does Fake EMI Moratorium Extension Scam Target?

Middle-aged borrowers (30-55 years) with personal, auto, or home loans, particularly salaried individuals and small business owners facing financial stress

Red Flags — How to Identify Fake EMI Moratorium Extension Scam

Unsolicited calls or SMS from unknown numbers claiming to be bank representatives offering moratorium help
Requests for OTP, CVV, PIN, or UPI PIN to process EMI deferment - legitimate banks never ask for these
Links or app prompts to approve EMI extension through third-party platforms instead of official bank portals
Pressure to act immediately citing limited-time RBI offer or urgent deadline
Unknown phone numbers or fake caller IDs mimicking official bank numbers through spoofing

What To Do If You Encounter Fake EMI Moratorium Extension Scam

Verify all EMI moratorium extension offers by contacting your bank directly using official phone numbers or apps.
Do not share OTPs, UPI PINs, CVV, or password information with anyone, even if they claim to be bank officials.
Avoid clicking on suspicious links or downloading apps from unknown sources related to EMI schemes.
Report any suspicious calls, messages, or transactions immediately to cybercrime.gov.in or call the helpline number 1930.
Inform family and friends about the Fake EMI Moratorium Extension Scam to prevent them from falling victim.

How to Report Fake EMI Moratorium Extension Scam in India

Call 1930 — National Cyber Crime Helpline (24x7)
File a complaint at cybercrime.gov.in
Contact your bank immediately if money was lost
Call RBI helpline: 14440 for banking fraud

Frequently Asked Questions

What is Fake EMI Moratorium Extension Scam?: Dangerous: Fake EMI Moratorium Extension Scam is a confirmed scam in India. Learn how fraudsters exploit RBI moratorium schemes to steal banking credentials. Know red flags, prevention tips and report at cybercrime.gov.in or call 1930.
How does Fake EMI Moratorium Extension Scam work?: Step 1: Scammers call or message victims claiming to be bank representatives offering assistance with extending or deferring EMI payments under RBI's moratorium scheme Step 2: They request sensitive banking details like debit/credit card number, CVV, OTP, PIN, or UPI PIN, claiming it's necessary to process the EMI extension Step 3: Victim receives and shares OTP or UPI PIN via SMS or app notification, believing it's for legitimate moratorium processing Step 4: Scammers immediately use the shared credentials to initiate unauthorized transactions and transfer funds from victim's account
How to protect yourself from Fake EMI Moratorium Extension Scam?: Verify all EMI moratorium extension offers by contacting your bank directly using official phone numbers or apps. Do not share OTPs, UPI PINs, CVV, or password information with anyone, even if they claim to be bank officials. Avoid clicking on suspicious links or downloading apps from unknown sources related to EMI schemes. Report any suspicious calls, messages, or transactions immediately to cybercrime.gov.in or call the helpline number 1930.
How to report Fake EMI Moratorium Extension Scam in India?: Report to cybercrime.gov.in or call 1930 (National Cyber Crime Helpline). You can also contact your local police station's cyber cell.

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